ET Now: The currency is in a mess as you have been maintaining
time and again and now we are getting even scarier levels of close to 66
against the US dollar. What does the government need to do in order to stem volatility?
Jim Rogers:
Your politicians have been making mistakes for decades and every time
you just push into the future, the problems get build up and get worse
and worse and worse. There are plenty of smart Indians and there are
plenty of smart people who could help India. Unfortunately, the
government does not listen to them. But if I were doing it, I would
abolish all exchange controls, I would abolish all capital controls, I
would abolish all subsidies, I would abolish the absurd laws governing a
restraining agriculture. I would cut spending so that there is no
deficit spending.- in ET Now
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "